The firm aims to foster cooperation in renewable energy, green hydrogen and energy efficiency.
Within the framework of the summit between the Community of Latin American and Caribbean States (Celac) and the European Union (EU) A memorandum of understanding on renewable energy, promotion of the green hydrogen industry and reaching the goal of climate neutrality by 2050 was signed yesterday.
With the aim of paving the way to start a roadmap within the framework of promote renewable energy on both sidesthis firm continues the political dialogue based on the Cooperation Framework Agreement between the EU and Uruguay signed in 1992. On the other hand, it highlights the objective of the countries with the commitment to achieve climate neutrality by the year 2050, as established by the Paris Agreement.
“This Memorandum of Understanding provides us with a foundation to guide and intensify our work on these issues as we both strive to achieve climate neutrality by 2050”, specified the president of the European Commission, Ursula von der Leyenat the time of signing.
The memorandum has three potential areas: the promotion of energy efficiencythe exchange on policies of renewable energy, as well as green hydrogen business and its derivatives. “More specifically, our cooperation on regulatory and research issues will include work on definitions, methodologies, sustainability rules, certification systems and measures to stimulate the improvement of energy efficiency and the adoption of renewable hydrogen,” the statement details.
green hydrogen.jpg
Uruguayan Foreign Ministry
investment search
In this sense, the European Union established that they will cooperate in the search for potential investors for Uruguay for the funding to these critical areas. On the other hand, the importance of investments in renewable energy, energy efficiency and renewable hydrogen and its derivatives, will have to be comply with environmental laws from both sides.
“Policies that promote energy efficiency, renewable energy and renewable hydrogen and its derivatives must take due account of the protection, conservation and restoration of water systems and ecosystems related to water,” the memorandum states.
In relation to investments, the Investment Agenda of the EU-LAC Global Portal (GGIA)understood as a political commitment between both parties to identify green and digital investment opportunities in Latin America and the Caribbean which has more than 130 projects that promote smart investments in sectors of health, renewable energy, digital connectivity, critical raw materials, research and innovation.
Source: Ambito
